U.S. data signals recovery, little inflation risk
U.S. consumer prices edged up in September, the number of workers filing new claims for jobless benefits dropped to a nine-month low last week and New York state factory activity perked up this month, more proof the economy was healing after a protracted recession.
Citigroup takes $8 billion in credit losses
Citigroup Inc posted a quarterly per-share loss as it suffered $8 billion of credit losses, raising questions about when the bank can return to sustained profitability.
Oil rises towards $76
Oil rose toward $76 a barrel on Thursday, its sixth straight session of gains in spite of a brief midsession stumble as the euro fell on disappointing Q3 earnings reports, traders said.
Oil rises towards $76 on inventory data
Oil rose toward $76 a barrel on Thursday in its sixth straight session of gains after a government inventory report showed large drops in gasoline and distillate stocks, surprising the market.
UK adult social networkers nearly double
LONDON (Reuters Life!) - The number of British adults signing up to social networking sites such as Facebook and MySpace has almost doubled in the last two years, according to new research from the country's communications watchdog.
Gap to open in China in 2010, will restart TV ads
U.S. clothing chain Gap Inc plans to open its first store in China next year as it seeks new international opportunities to counteract a protracted domestic sales slump at its main brand.
Republican Sen. Snowe shows independence on healthcare
Maine Senator Olympia Snowe became the most-watched lawmaker in the U.S. healthcare debate by following one of the oldest and most pragmatic of maxims -- that all politics is local.
Study explains immunity to H1N1 in older people
Older people who have been infected with or vaccinated against seasonal flu may have a type of immunity produced by cells that protects them from the swine flu virus, U.S. researchers said on Wednesday.
Microsoft says most Sidekick phone data recovered
Microsoft Corp said on Thursday it has recovered most of the data feared lost by users of its Sidekick mobile phone, following a Microsoft server computer failure.
U.S. health worker vaccine fears mirror public doubt
Hospital and other healthcare workers are at the front of the line to get the new swine flu vaccine, but many are resisting and even fighting vaccination requirements.
Senate Democrats open healthcare talks
Democrats opened difficult talks on healthcare reform in the U.S. Senate Wednesday, promising to bridge party divisions on a government-run insurance plan and paying for the overhaul.
Nokia shares dive after loss
Nokia Oyj, the world's top cellphone maker, took a major writedown at its struggling networks unit on Thursday and revealed a fall in smartphone sales, sending its shares down 11 percent.
In protecting against flu, face masks rank last: U.S.
New guidelines on protecting hospital workers against the H1N1 swine flu stress keeping influenza patients away from others and put protective equipment such as face masks last.
Schwab profit drops 34 percent, as expected
Charles Schwab Corp said on Thursday its quarterly profit fell 34 percent, meeting expectations, as fee waivers and lower trading by clients continued to weigh on the leading U.S. online brokerage.
LG Telecom agrees to merge with Dacom, Powercom
South Korea's LG Telecom said on Thursday that its board had approved a plan to merge with LG Dacom and LG Powercom on January 1, 2010.
Gameworld: As recession bites, video gamers turn to downloads
As the recession takes a bite out of video games sales in the stores, consumers are opting to download more games to save money while keeping themselves entertained.
RIM launching new touchscreen BlackBerry Storm
BlackBerry maker Research In Motion is launching a new version of its touchscreen Storm smartphone, marking its latest move in the fight with Apple's iPhone.
Southwest posts net loss on buyouts, hedging
Southwest Airlines posted a third-quarter net loss on Thursday on charges for its employee buyout program and fuel hedging portfolio, and said it expected cost pressures to persist in the fourth quarter.
Hon Hai plans $1 bln facility in southwest China
Hon Hai Group, parent of Hon Hai and Foxconn, will invest more than $1 billion to build a production facility in the southwestern Chinese city of Chengdu, sources and the company said.
U.S. climate plan must spread costs evenly: experts
A U.S. cap-and-trade market on greenhouse gases should be designed carefully to avoid unfair economic pain in fossil fuel industries and other parts of the economy, experts told lawmakers on Wednesday.
Citigroup posts loss, takes $8 bln in credit losses
Citigroup Inc posted a quarterly per-share loss as it suffered $8 billion of credit losses, raising questions about when the bank can return to sustained profitability.
New York Times scraps plan to sell Boston Globe
The New York Times Co said it has given up its plan to sell The Boston Globe and related businesses after drastic cuts it imposed on the daily newspaper earlier this year improved its financial position.
Wall Street falls after Citigroup, Goldman results
Wall Street fell on Thursday after quarterly results from Goldman Sachs Group and Citigroup Inc failed to live up to expectations of some investors a day after major indexes rallied to yearly highs.
Microsoft camera deal powers OMG share jump
British firm OMG announced it had received licensing from Microsoft to launch a small digital camera aimed at helping people with memory loss, boosting its shares on Thursday.
Watchdog suspends work at French plutonium plant
The French nuclear safety watchdog ASN has suspended work dismantling a plutonium technology plant over worker safety fears, after almost three times as much plutonium was found at the site than expected.
EU directive may cost funds 3.2 bln eur-FSA report
Hedge funds and private equity could face more than 3 billion euros of costs while investors could see fund choice shrink by up to 40 percent due to proposed new EU rules, a Financial Services Authority report said.
Travel firm Amadeus picks banks for IPO -sources
Travel reservations giant Amadeus has hired a trio of banks as global bookrunners for a planned initial public offering (IPO) next year, people familiar with the matter said on Wednesday.
Genco Shipping unit, mining company seek IPOs
Dry shipper Genco Shipping & Trading Ltd has filed plans to take a recently formed subsidiary public in an offering of up to $230 million.
Nasdaq aims low with 3rd trading venue launch
Exchange operator Nasdaq OMX said on Wednesday it will launch a third trading venue that caters to listings that fall below the standards of its main Nasdaq Stock Market and other markets.
Private equity muscles back with deals, IPOs
Private equity houses, including U.S. firms Blackstone and KKR, are showing greater flexibility in approaching target assets as they face more pressure to deploy their capital, an M&A banker said.
